Dallas-based Hanover Property Co. has purchased a 358-acre tract at the corner of Farm-to-Market 156 Blue Mound Road and State Highway 287 in North Fort Worth where it plans to develop a new $300 million master-planned community.
Newport Beach, Calif.-based Buchanan Street Partners teamed with Baron Properties of Denver, Colo., to purchase Vue Park West, a 260-unit luxury apartment community in Peoria. The partnership paid $30 million for the complex, or $115,300 per unit.
As one of the top ten fastest growing cities in the U.S., Houston continues to attract major investors who strive to capitalize on the high demand for multifamily product. Dallas-based Presidium Group, LLC has acquired Live Oak Bend Apartments, a 252-unit multifamily community
Mill Creek Residential and its joint venture partner AEW Capital Management, L.P. (AEW) have completed the acquisition of Lakewood on the Trail, a 352-unit garden-style community in the highly sought after Lakewood area of Dallas.
Power-One Renewable Energy Solutions has signed a long term lease with Liberty Property Trust to occupy 105,000 square feet of space at Liberty Sky Harbor Center in Phoenix. The agreement brings the complex, which opened last year after a complete makeover and re-branding, to 100 percent occupancy.